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March 4, 2014

EXCLUSIVE A new era of talent
Technology and globalization have changed the way we compete

Traditional criteria to assess whether a country is powerful include weapons, natural resources and techno-industrial production. But now there is a new decisive factor: a new era of talent is taking shape.  With re-globalization leading to post-specialization, people, companies and countries have to be multifunctional and complex, Latin Business Chronicle reports.

Colombia's Avianca to limit sales in Venezuelan bolivars
Airline is unable to withdraw cash valued at $300 million from Venezuela

Colombian airline Avianca is limiting sales in Venezuelan bolivars due to currency controls leaving the airline unable to withdraw cash valued at $300 million, CFO Gerardo Grajales said. The airline already started reducing its passenger capacity in Venezuela since August, and will cut sales in bolivars "to the minimum possible," Grajales said, Bloomberg reports.

Remittances to Peru reach $2.7 billion
Figure is 2.9 percent lower than 2012

Peru received $2.7 billion in remittances last year, the central bank said. The figure is 2.9 percent lower than the amount received in 2012. Remittances with banks as intermediaries dropped 2.8 percent, while those processed through money-transfer companies grew 3.1 percent, Fox News Latino reports.

Brazil's proposed mining law threatens smaller companies: Belther
New legislation seen heading towards resource nationalism

Brazil's proposed new mining law threatens the survival of smaller companies in the sector, exploration director at Votorantim Metals Jones Belther said. The law, submitted to Brazil's congress last year, proposes government-run auctions and and prevent companies from potential mining areas on their own, Financial Post reports.

Petrobras signs agreement to enter eastern Bolivia
Brazilian state oil company to explore petroleum in Cedro

Brazilian state oil firm Petrobras signed an agreement with Bolivia's state energy company YPFB for petroleum exploration in the eastern Bolivian region of Cedro. "In the next few days, the Brazilian oil company will present its work plan and budget to YPFB," the Bolivian energy firm said, Fox News Latino reports.


Brazil remains hot-spot for battling telecoms Equities

Britain's new governor of the Falkland islands is a provocation Guardian

Data center market in Latin America 2012-2016 Digital Journal

La Polar surges in Chile as Colombia exit ends cash drain Bloomberg

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